Amendments to CGST Rates Notification

The Central Government, under section 9 of the CGST Act, introduces significant amendments to the tax rates. Amendments are made to Notification No.1/2017-Central Tax (Rate) dated June 28, 2017, published in the Gazette of India.

Schedule I - 2.5% undergoes revisions, including substitutions, omissions, and insertions of new serial numbers and corresponding entries. Various goods categories such as frozen products, cashew nuts, manioc, and vegetable products face changes in taxation, particularly concerning brand-related criteria.

Amendments aim to streamline tax provisions and ensure clarity in the tax structure. Effective from November 15, 2017, these amendments reflect the government's efforts to improve tax regulations and ease compliance. The modifications address specific categories like leather, jute, coir products, and sulphur, among others.

These changes aim to enhance the efficiency and effectiveness of the GST regime. The government remains committed to ensuring a transparent and robust taxation system for the benefit of taxpayers and the economy.